AA Financial Advisors LLC Invests $208,000 in Trimble Inc. (NASDAQ:TRMB)

AA Financial Advisors LLC acquired a new stake in Trimble Inc. (NASDAQ:TRMB) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,938 shares of the scientific and technical instruments company’s stock, valued at approximately $208,000.

Other large investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in shares of Trimble by 65.6% in the second quarter. Public Sector Pension Investment Board now owns 9,384 shares of the scientific and technical instruments company’s stock worth $525,000 after buying an additional 3,718 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Trimble in the 2nd quarter valued at approximately $2,664,000. Millennium Management LLC boosted its position in Trimble by 291.9% during the second quarter. Millennium Management LLC now owns 317,202 shares of the scientific and technical instruments company’s stock worth $17,738,000 after purchasing an additional 236,269 shares during the period. Mackenzie Financial Corp grew its holdings in Trimble by 102.9% during the second quarter. Mackenzie Financial Corp now owns 41,586 shares of the scientific and technical instruments company’s stock valued at $2,325,000 after purchasing an additional 21,088 shares during the last quarter. Finally, Creative Planning raised its position in shares of Trimble by 2.9% in the second quarter. Creative Planning now owns 31,550 shares of the scientific and technical instruments company’s stock valued at $1,764,000 after purchasing an additional 904 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on TRMB shares. Sanford C. Bernstein raised their target price on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Piper Sandler reissued an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Monday, December 16th. Finally, Oppenheimer upped their price target on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $84.86.

Trimble Trading Up 0.8 %

Trimble stock opened at $75.38 on Friday. The business has a 50 day moving average price of $73.13 and a two-hundred day moving average price of $64.17. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The stock has a market cap of $18.53 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 3.10 and a beta of 1.52.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is currently owned by company insiders.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.